Treasury chief Jeremy Hunt seems unlikely to give tax-free shopping another chance in his Autumn … [+] Statement. (AP Photo/Frank Augstein, File) Copyright 2019 The Associated Press. All rights ...
Tag: Kwasi Kwarteng
Family Offices Could Teach UK Banks A Thing Or Two About Uncapped Bonuses
The move was proposed by former chancellor Kwasi Kwarteng in a bid to make London more attractive … [+] for global banks and for workers amid what is being widely described as a talent shortage....
U.K. Finance Minister Kwasi Kwarteng Fired After Economic Policy Fallout
Topline Kwasi Kwarteng, the U.K.’s Chancellor of the Exchequer, was sacked by Prime Minister Liz Truss on Friday morning after her government’s recent mini-budget—which promised large tax cuts for the...
U.K. Ditches Tax Cuts For Richest Amid Growing Backlash And Market Mayhem
Topline The U.K. government on Monday said it was dropping controversial plans to scrap the highest rate of income tax for high earners, an embarrassing u-turn for Prime Minister Liz Truss after the p...
British Currency Mess Set To Upend U.K.’s Housing Market
STOKE-ON-TRENT – JUNE 16: Various property signs are seen outside a block of terraced houses … [+] advertising homes for sale, let or sold on June 16, 2020 in Stoke-on-Trent. The British g...
Liz Truss’s Economic Plan Deserves A Chance
UK Prime Minister Liz Truss. (Photo by Yui Mok/PA Images via Getty Images) PA Images via Getty Images This morning, the internet was abuzz with news that the British pound had fallen to historically l...
British Pound Plummets To Record Low Against U.S. Dollar After U.K. Gov’t Signals More Tax Cuts
Topline The British pound slumped to an all-time low against the U.S. dollar early Monday morning as markets reacted negatively to the new government’s signals that it will pursue more aggressive tax ...
New British Chancellor Kwasi Kwarteng Reverses Rishi Sunak’s Scrapping Of Tax-Free Shopping For International Tourists
British chancellor Kwasi Kwarteng has delivered some good news for retailers on tax-free shopping. … [+] (Photo by Carl Court/Getty Images) Getty Images The British government under new prime mi...